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CRCT to buy mall in Chengdu shopping belt for 1.53b yuan

Trust enters into agreement to buy BR Spicy (HK), which holds Galleria mall

Nisha Ramchandani

Nisha Ramchandani

Published Fri, Aug 19, 2016 · 09:50 PM
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Singapore

CAPITALAND Retail China Trust (CRCT) is acquiring a shopping mall in Chengdu for some 1.53 billion yuan (S$310.4 million), which will take the number of malls in its portfolio to 11.

Galleria mall is located in the Xinnan Tiandi retail precinct of Gaoxin District in south Chengdu, which is a major shopping belt.

HSBC Institutional Trust Services (Singapore), in its capacity as trustee of CRCT, has entered into a conditiona…

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